#ULTRACEMCO Weekly Retest of previous breakout is going on. Seems like a good Swing candidate. Above 7200 on closing basis, Entry can be formed for Target no. 4 (20% upside) with a view of long run. A classical inverted head and shoulders pattern is observed in the chart on weekly basis. Further SL, Entry point and all Targets are displayed in the chart.
Below 6800 (if it occurs before Entry) and above Target 4, Setup is deemed invalid.
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